Investor cuts Ola valuation to about $3 billion; Apple to start producing iPhone 12 series in India
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#ShortNewsOverChai
Apple to soon start producing iPhone 12 series in India
Apple clocked over 60% growth (YoY) in India in 2020.
India’s GDP growth is expected to rally 11% in FY’22; Albeit the economic recovery won’t be easy, with effects of the pandemic and the other factors
Crisil Report says, the pace of growth will differ in the first and second halves of the next fiscal.
Investor cuts Ola valuation to about $3 billion
Vanguard Group, which currently owns less than 1% of Ola, cut the value of its investment by 45% in the first half of 2020 and another 9.5% recently.
CCI tells MakeMyTrip to relist Oyo rivals Treebo, FabHotels
The move comes as interim relief to Treebo and FabHotels amid an investigation into MakeMyTrip’s alleged misuse of its dominant position to block partner Oyo’s rivals.
Vodafone’s tower business values up to 14.7 billion euros at float
The share sale comes amid increasing demand for mobile telecommunications connectivity across Europe.
Amazon ropes in 50,000 MSME sellers from 450 cities in less than a year under the ‘Local Shops’ programme
So that small sellers contribute to the economy through digital inclusion.
Jio launches Business suite of tech solutions to ‘digitally transform’ 50 million MSMEs
The rental plan ranged from Rs 901 to Rs 10,001 across connectivity, digital solutions, and devices.
SBI tops MeitY’s Digital payment scorecard
SBI processed 636 crore transactions through its digital platforms, which are 67% of the bank’s transaction.
TV prices to soar from April 1 in India as Chinese panel manufacturers increase rates by 30%
Industry seeks inclusion of TV segment under the PLI scheme or GST cuts.
SMEs on hiring apprentices sees a bullish surge in H2 2021, amid post-covid recovery
SMEs’ in the manufacturing sector had the highest apprentice hiring outlook of 43%.
New OTT platform rules have led to the cancellation of many series such as The Family Man, Paatal Lok on Amazon Prime
Streaming platforms are being cautious following the Tandav controversies.
‘Foundation of Independent Journalism’, which runs ‘The Wire’ challenges new regulations for digital news media
The case will next be heard on April 16.
Highlight:
Strategic disinvestment would be the primary mode for disinvestment receipts - Anurag Singh Thakur
Market conditions due to COVID-19 impacted govt’s disinvestment plans.
People who are critical of the government’s measures must have the courage to verify themselves - Ravi Shankar Prasad
He said that the new rules are in the structure that the intermediaries should themselves follow.
#Dhandha Corner
Fintech company introduces “Magic Aadhaar”, an AI-powered Aadhaar processing solution to companies
AI is used to identify, extract, validate and mask Aadhaar details.
Amazon buys a minority stake in a cargo airline, ATSG, owns about 19.5% of the airline
ATSG’s CEO said that the company anticipated operating 46 aircraft for Amazon by the end of this year.
OnePlus renames ‘Fnatic Mode’ to ‘Pro Gaming Mode’ as it ends its partnership with eSports team Fnatic
All Fnatic-branded features will no longer be a part of OxygenOS builds.
Elon Musk-led Tesla’s shares jump to as much as 20%, reaching toward the biggest gain in over a year
Earlier, the losing streak had shaved off nearly $150 billion of the company’s market value.
Amazon One’s palm recognition payment system to be expanded to more establishments
Palm scanning technology is secure as biometric security methods, concerned about Amazon’s data gathering.
Paytm NUE will differ from rivals because of its diverse set of consortium partnerships: CEO Vijay Shekhar Sharma
Paytm has tied up with global card networks Visa and Mastercard, as well as NPCI.
About The #TechGiants
Google adds Full Coverage feature to provide a comprehensive picture of major news stories
Users will see a carousel of articles with various perspectives at the top of Google Search results.
PayPal to acquire the cryptocurrency firm “Curv” to further strengthen its talent for handling digital currencies
PayPal allows customers to buy, sell, and hold certain cryptocurrencies.
Facebook tests short-form videos “Reels” in India; Allows select Instagram creators to share their Reels on Facebook
Users will be able to create and share Reels on the News Feed.
WhatsApp will stop working with operating systems older than Android 4.0.3 and iOS 9
It has also clarified that the old OS of Linux will also be affected by the decision of WhatsApp.
Tesla to double the size of its full self-driving beta software: CEO Elon Musk on Twitter
The decision by Tesla comes as the demand for its full self-driving system has been on the rise.
More #GlobalTechNews
Zoom founder Eric Yuan transfer stocks more than $6 billion worth of shares in support to combat climate change
The stock surged almost 400% last year but has dipped 7.8% in 2021.
Truecaller’s Guardian app reported a bug that could let hackers track your family
The bug was in the app’s “Log in with Truecaller API”, which could hack the login details of the users.
China and Russia sign an MoU to launch a lunar space station jointly
Russia’s chief Dmitry Rogozin invited CNSA chief Zhang Kejian to the launch of Russia’s lunar lander.
Russian authorities sue Twitter, Google, Facebook for allegedly failing to delete illegal protest posts
TikTok and Telegram have also been sued by Russia.
SpaceX set to launch Falcon 9 rocket with 60 Starlink satellites; It would also launch the first stage of the Falcon 9
The company said that as of now, the weather conditions seemed favourable for the launch.
WhatsApp works on a new feature security feature; Enables password for protected chats backup
Users need to enter a password that is at least eight characters long.
Carl Pei’s Nothing’s wireless earbuds are inspired by “a grandmother’s tobacco pipe”, to be released soon
Concept 1 is designed by the design partner Teenage Engineering.
Porsche rolls-out two new e-bikes, the Sport model for everyday use and the Cross model for off-road adventures
The Sport model is priced at $10,700, and the Cross is priced at $8,549.
#NationalNews
Gold prices have dropped 20% from a record high in August last year due to a recovery in the Indian economy
Risk on sentiments kept the investors away from the precious metal.
Maharashtra Government announces Interest free farm loan up to ₹3 lakh
An amount of ₹19,929 crores was credited to the accounts of 31 lakh 23,000 farmers.
ISRO develops ‘Synthetic Aperture Radar’ for Joint Earth Observation satellite mission with NASA
The mission is targeted to launch in early 2022 from ISRO’s Sriharikota spaceport.
India plans to coordinate responses across ministries to form a new national strategy on cybersecurity
Authorities are investigating the cyber intrusions, which could have led to a power outage in Mumbai.